NZD/USD falls below 0.5900 as NZ inflation disappoints and Fed uncertainty persists - **NZ inflation data**: - Headline CPI rose to **1.8%** in Q3, lower than expected. - Yearly rate slowed to **5.6%** from 6%, missing forecasts. - Investors reduce bets for RBNZ rate hike in November. - **USD dynamics**: - USD remains weak as Fed officials...
Canadian dollar faces US data and Fed minutes - The loonie is under pressure from the US dollar, which could gain strength from the US PPI and the FOMC minutes. - The US PPI could indicate higher inflation, while the FOMC minutes could reaffirm the Fed's dovish stance. - The most important fact is that the US PPI is a leading indicator of inflation and could have...
USD/JPY moves upward towards 149.00, US data eyed - USD/JPY rises on positive risk sentiment amid Middle East conflict - The pair trades higher around 148.80, rebounding from the previous session on the optimism in the midst of the war in Middle East. - BoJ considers revising its inflation forecast for 2023/24 - The central bank is thinking of...
Gold price recovers despite robust US Nonfarm Payrolls report US Nonfarm Payrolls report beats expectations in September - The report shows that the US economy added 336K jobs, more than double the forecast of 170K - The unemployment rate stayed at 3.8%, slightly higher than the expected 3.7% - The report reflects the resilience of the US labor market amid...
NZD/USD Recovery and RBNZ Decision: - The NZD/USD pair initially rose to an intraday high of 0.5971 but later reversed direction, currently trading near 0.5950. - After the Reserve Bank of New Zealand (RBNZ) monetary policy meeting, the RBNZ decided to maintain the Official Cash Rate (OCR) unchanged at 5.5%. The committee acknowledged that interest rates may...
US Dollar mixed ahead of weekly jobless numbers Traders brace for a second day this week with the weekly jobless numbers. Traders are clueless toward Friday’s NFP as ADP and ISM were mixed. US Dollar Index sinks below 107, though rally is still intact. US Dollar starts to lose steam - Challenger Job Cuts for September will be release. No forecast...
Pound Sterling awaits Construction PMI data - GBP/USD is recovering after a better-than-projected UK Services PMI for September, which landed at 49.3, higher than expectations. - The improvement in the UK economic data is due to sustained easing of inflationary pressure and optimism among businesses as the Bank of England paused the policy-tightening spell. -...
AUDUSD is recovering from a ten-month low - The pair bounced back from 0.6330 on Wednesday and climbed above 0.6400 on Thursday. - The rebound was mainly driven by a correction in the US Dollar, which weakened against most of its rivals. - The pair is currently trading around the 20-day Simple Moving Average (SMA) at 0.6415, indicating some bullish momentum. ...
EURUSD remains under pressure amid rising US yields and inflation expectations - The US dollar has been strengthening against the euro and other major currencies as the market anticipates a faster pace of monetary policy tightening by the Federal Reserve in response to higher inflation and robust economic growth. - The US 10-year Treasury yield has risen to...
Fear of an intervention limits the upside The bullish momentum continues to wane in USDJPY ahead of the key 150.00 level. Intervention One of the main factors that influenced the USDJPY exchange rate in this period was the possibility of intervention by the Japanese authorities to stem the yen’s depreciation against the dollar. The yen weakened to a nearly...
The previous dip earlier this month was held at the $1,900 mark but with it potentially giving way today, it raises fresh concerns about gold's recent resilience. The August lows around $1,885 will be the next big line in the sand to watch out for as a break there leaves little in the way of a steeper decline in gold. 10-year yields in the US are still hovering...
Pound Sterling remains in bears’ grip amid potential UK recession risks +Pound Sterling faces an intense sell-off as the UK economy is exposed to a possible recession. +The BoE seems done with hiking interest rates as UK Services PMI contracts. +The market mood remains downbeat as central bankers are expected to keep interest rates higher for a longer...
i am bias for bullish on this pair.. triangle pattern form after few month sideway.. my opinion is, 1.13900 - 1.14000 should be next station before price decide to go up or reverse.. SBR zone at 1.16000 area also good zone to monitor if price break 1.14000 zone.. if price can break 1.10000 - 1.09070, next station will be 1.06500.. or if break that zone, support...
Resistant has been broken, so it is possible that the price will continue upwards. 1.51000 is the expected price to reach.
triangle pattern forming inside the channel im expecting price will create a new lower low around 1.88000
acsending triangle inside acsending triangle. i'm going to buy this instrument the nearest resistant is a 1.78140
bull flag pattern formed in this pair.. also inverted HnS confluence with trendline
Bearish Flag appear.. If price can break 1.51500, 1.4900 will be the next station to test